NSE:GAIL GAIL looks bullish if it breakouts on upside of triangle.
GAIL looks bearish if it is unable to cross 87.55 level as it forms a triangle pattern in higher time frame. Also,increase in price is not being confirmed by higher volumes.The volume is on decline and RSI suggests that the stock is overbought.One can look for shorting the stock with a minor stop loss. Target 86.10 / 85.50. If it crosses 87.55 levels there could...
NSE:GAIL Two support levels are given as well as a possible resistance level.
The stock is into dominant trend down and this pullback seems to be corrective. Now the stock has faced resistance and the momentum indicator is also taking a halt at the bearish extreme. Any failure to move above 85 will induce more correction and the stock may further correct to 65 & 44 levels. However a move above 85 may push the stock further towards 103 & 125 levels.
A Falling Angel. Gail was a GEM which turned into a coal.
BUY at CMP 123 with a STOPLOSS 120.60 and Targets 127, 132. Comment out for better understanding of the position taken ....
SELL GAIL NEAR 163.65 STOPLOSS IN RED AND TARGETS IN GREEN MARKED
Shorting Gail India after a clean break. Good Luck Haribol !
GAIL 30 min chart. Near resistance area. . May give trading opportunity.
GAIL CAN BE TEST 153 LEVALS WITH THE 130 AS SUPPORT WATCHOUT MOVES ...COMING DAYS....
GAIL is trading in a good demand zone. Historically, as the chart suggests we could see a bounce from current levels. Preferably Cash investment should do good.
Gail is near around a major resistance near 365 which is also a neckline of an inverse H&S pattern. Buy above 365 if it breaks with good volume. Target : 400+ SL : 355